(Answered) Acme universal is a micro-cap that had a 3000000 drop in

Economics

Acme Universal is a micro-cap that had a $3,000,000 drop in taxable income this year. Their drop in taxes was $1,030,000. For each of the following, determine the largest amount that meets the conditions given above.

What was their taxable income last year?

What was their total income tax this year?

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Microeconomics, Economics

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